Each of the following,except one,is a condition that characterizes a perfectly competitive labor market.Which is the exception?
A) Workers appear identical to firms.
B) Workers receive wages that are above their marginal revenue product (MRP) .
C) There are no barriers to entering the labor market.
D) There are no barriers to exiting from the labor market.
E) There are many buyers of labor in the market.
Correct Answer:
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